Tuesday, 03 June 2014

8 Foods That California’s Drought Will Make More Costly - Research from Prof. Timothy Richards, W. P. Carey Bschool

Most people expected food prices to rise over time as California’s drought worsened earlier this year, but some goods will be impacted more than others.

Research from Timothy Richards, a professor of the W. P. Carey School of Business at Arizona State University, shows that vegetables like lettuce and avocados are likely to experience the most dramatic prices bumps.

California’s drought will push the price up on some items more so than others, including lettuce and avocados. Photo credit: stock.xchng/Arizona State University

...Richards says industry estimates range from a half-million to 1 million acres of agricultural land likely to be affected by the drought. He believes 10 to 20 percent of the supply of certain crops could be lost, and California is the biggest national supplier of several of those crops.